is coming spring, traditionally the most active period for the sale of the house. The Real Estate Portal Zillow indicates what are the rules of the game have changed in recent years, and gives the 4 golden rules based on which once the housing market, compared with those current.
Here are the four old and four new rules of the real estate market:
Before old rule of the past: do not buy now, house prices will fall again.
Before this new rule is not easy and not very likely be able to buy exactly when market prices are the lowest.
Not even the experts can agree on when it will arrive this time, even though many point out that 2011 will be the year of the recovery in prices, is also to say that an increasing number of owners applying discounts just to sell their house. Moreover, as we have just seen, the interest rates are no longer at a record low, as the Euribor has just scored the highest value, and according to many will continue to rise.
For this, the best thing is to try to negotiate the price right now trying to get the house value will in the coming months or years.
This will now be able to buy at a good price and you can take advantage of current interest rates, first to continue to rise even more.
Second old rule of the past: do not spend more than one third of their income on the mortgage.
Second of this new rule: those who bought between 2000 and 2007 knew that their home value increased continuously, and then certain sacrifices were rewarded by capital gain.
But who buys now should expect a housing market in terms of revaluations, flat for several years, because the economic crisis will not allow a different course. A
25% of their income invested in the home, ie quarter, today is enough.
Third old rule of the past: the time to sell the district's all.
Third of this new rule: the real estate market is increasingly fragmented, even within the same district, not all the houses compete in the same way.
The offer is plentiful and buyers can choose from even in the best street of your city to renovate a ground floor does not have the same possibilities as the golden years.
Signs "for sale" are many, buyers can be more selective.
who sold a house with "problems", must take note and forget what has cost him, if in a hurry to sell.
old rule of the past Fourth Avoiding real estate agency.
Fourth of this new rule: for many years the idea of \u200b\u200bbuying through agency was regarded as simply a waste of money.
However the same market conditions have selected the best agencies, which, in turn, if they want to survive must be able to serve the interests of both buyers and sellers.
times longer for sale due to lack of agreement is the time to trust the good agencies, who know exactly how things are.
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